Nonprofit raises money to buy fire-ravaged Sag Harbor Cinema

December 19, 2017 03:38PM

One year after a fire destroyed the Sag Harbor Cinema, the nonprofit struggling to reinvent the art house movie theater as an arts center has raised enough money to buy the property. With a $1.4 million Empire State Economic Development grant, the Sag Harbor Partnership has the $8 million it needs to purchase the remains of the iconic building from real estate developer Gerald Mallow, who has owned it since the 1970s. The group renovation plans call for the addition of a second floor art gallery and a refurbishment of the theater’s iconic neon sign. [NYT]